Rivian Automotive (RIVN) saw a 5.22% drop in stock price on Tuesday, closing at $19.59 per share. CEO Robert Scaringe sold 17,450 shares at $21.4253 each, leaving him with over 1.15 million direct shares and 2.63 million indirect shares through a company and trust. Rivian aims to launch its R2 variant SUV next year and deliver 41,500-43,500 vehicles in 2025, with a record 13,201 vehicles delivered in Q3.

Read more at Yahoo Finance: Rivian Automotive (RIVN) Loses 5% as CEO Unloads Stake